D. Carnegie & Co purchases property in Uppsala and sells building rights

The residential property company D. Carnegie & Co AB (publ) - listed on Nasdaq Stockholm – has entered into an agreement with Rikshem to acquire a property in Uppsala for the agreed underlying property value of SEK 78 million. At the same time, D. Carnegie & Co is selling a commercial property with potential building rights located in Solna to Rikshem for the underlying property value of SEK 49 million which entails a capital gain of SEK 11 million. Both transactions are taking place in a corporate form and closing will be in early 2016.

The property acquired by D. Carnegie & Co consists of group living and residences.

"This is a supplemental acquisition. The property in Uppsala is adjacent to D. Carnegie & Co’s existing portfolio. The sale in Solna is evidence of the value of our potential building rights", says Ulf Nilsson, CEO of D. Carnegie & Co.

About D. Carnegie & Co
D. Carnegie & Co is a real estate company focusing on residential properties in the Stockholm region. The Company’s business concept is to own and manage its real estate portfolio and to gradually refurbish apartments in connection with the natural turnover of tenants. This can take place quickly and cost-efficiently due to ourBosystem refurbishment method which, among other things, does not require tenants to vacate the premises. The Company also creates significant value through the development of building rights in the existing portfolios. As of 30 September 2015, the market value of the company's properties amounted to MSEK 12,592. As per 30 September 2015, the total rental value amounted to MSEK 1,293 annually. The financial leasing rate is high with no vacancies. D. Carnegie & Co is listed on Nasdaq Stockholm.

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